Myth of the Business Plan

For years I’ve taken the position, contrary to popular opinion, that a business plan is not a necessary ingredient for someone who wants to try to venture out on their own and start their own business. It takes a lot of time and effort to produce a business plan and things rarely pan out according to plan.   If your time is an issue then I feel it’s better spent sharpening your ideas and motivating others to love them and live them.  Here’s a good article from Entrepreneur magazine on the subject.

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